A $6 million credit, including interest, will be passed back to customers through the end of 2021, for amounts overpaid since Jan. 1, 2018, under the previous corporate tax rates.
Vectren also will credit customers two different funds of excess accumulated deferred income tax (ADIT). One, estimated by the utility to be $74.6 million, will be credited over a 25-year period, and the second of $25.9 million will be credited over a six-year period.
A copy of Wednesday's finding and order can be found on the PUCO website by clicking on the link to Documents and Rules, then Docketing Information System and searching case 19-29-GA-ATA.
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